According to a report, Twitter will start charging users nearly $20 per month to keep their blue checksmarks. This premium service will be launched under Elon Musk's direction.

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Musk, who assumed the CEO role on Friday, tweeted that "The entire verification process is being overhauled right now."

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According to The Verge, the price hike is one of the changes.

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According to the outlet, employees working on the Twitter Blue upgrade were told on Sunday that they must meet a November 7 deadline to avoid being fired.

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Twitter Blue, a $4.99 per month premium subscription that can be purchased at $19.99 per month, will now be available. 

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The outlet said that the price could change based on internal correspondence and other sources familiar with the matter.

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Twitter will offer more features to its platform, including verification.

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Existing verified users have 90-days to sign up for new Twitter Blue or lose their checkmarks.

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